Jubilee Insurance Actuarial Analyst (Pricing) Jobs in Kenya

Jubilee Insurance Actuarial Analyst (Pricing) Jobs in Kenya

Job Ref. No: JHIL112

Role Purpose

The job holder will play a crucial role in pricing of risks associated with existing and new products. Leveraging technology, they will automate the pricing procedures, thereby enhancing operational efficiency and ultimately improving service delivery. They will work closely with other departments such as data analytics, products & strategy, marketing, business development and finance in achieving the overall strategy of the business.

Main Responsibilities

Pricing, Innovation

Analyze historical data, market trends and other considerable factors to determine appropriate rating factors and premiums to be charged on various policies and products.

Evaluate the financial impact of various health insurance products by analyzing data related to claims, policyholders, and healthcare trends.

Investigate and provide insights on key drivers affecting pricing of health and care products.

Analyze existing internal pricing models and provide suggestions on how they can be improved.

Actuarial Modelling and Data:

Develop and maintain actuarial models used in premium rating.

Analyze actuarial data including policy holder information, claims data, financial data to ensure data integrity and accuracy in actuarial models & calculations.

Perform sensitivity analysis and scenario testing to assess the implication of pricing on the business performance.

Use statistical and mathematical techniques to forecast trends in healthcare costs, morbidity incidence rates

and benefit utilization rates.

Stakeholder Collaboration and Communication:

Work closely with internal and external stakeholders.

Communicate complex actuarial concepts to all stakeholders using simple terms.

System Calibration and IFRS 17

Develop premium rating models, considering IFRS 17 reporting requirements in the premium rating. II. Ensure premium rating is calibrated correctly in the system and perform UATs.

Key Competencies

Core Actuarial Principles

Data Analysis

Actuarial Modelling and forecasting

Critical thinking, Decision Making

Business Acumen and commercial awareness

Stakeholder Management

Qualifications

Bachelor's degree in an Actuarial Science or a related field

A minimum of four professional actuarial qualifications, each requiring successful completion of at least four rigorous examination papers.

Relevant Experience

Minimum of 4 years of relevant working experience.

How to Apply

If you are qualified and seeking an exciting new challenge, please apply via Recruitment@jubileekenya.com quoting the Job Reference Number and Position

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